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29 May 2024 | 7 replies
Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.
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29 May 2024 | 5 replies
I'm honestly not too picky in terms of area provided it cash flows.
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29 May 2024 | 0 replies
At Partner Driven, we provide comprehensive support, including funding, strategic guidance, and project management.
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27 May 2024 | 18 replies
Anyone that feels like they may be able to provide some advice/guidance, I would love to chat!
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29 May 2024 | 7 replies
They will keep track of that for you and can provide statements.
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31 May 2024 | 187 replies
At 6% interest rates looking at 20%.If I can get those kind of returns on all the properties I buy and keep reinvesting all proceeds it’ll take 15 years providing I’m adding 1000/mo to the pot.
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29 May 2024 | 13 replies
Are online webinars as good as in person meeting?
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29 May 2024 | 0 replies
I provide my clients with a checklist of essential photos to take, which ensures nothing important is missed.Use checklists and capex estimators to stay organized and thorough.
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28 May 2024 | 5 replies
Check reviews of them online and ask for references if they are willing to let you speak to their previous clients!
29 May 2024 | 14 replies
So far I just check a weekly report from my provider and it's been a real time saver.